Report from the ABI: Billings in Architectural Work Up in August

The ABI (Architecture Billings Index) has long been an indicator of future growth in the economy.  If a someone has hired an architect for a feasibility study or the initial planning for a new building project, chances are it will happen.

The latest ABI report indicates a modest uptick in billings by architectural firms nationwide.  While some sectors of industry and regions of the country are down, overall, billings are on the way up.

"Work done in advance of a building project has long been an indicator of future work designing and erecting that building," Kevin Wallace said.  Kevin is COO and chief architect for DSKW & Associates, a full-service design/build firm based in North Texas.

"The slowness of the economy has actually had a good impact on our industry," Kevin continued. "Usually by the time a client calls for an architect, it is too late for us to help. But with longer-term plans and tight money, clients are taking their time and doing more feasibility studies," he said.

"That means, while they want it now, they want it done right."

The report featured these highlights:

• Modest growth in billings overall, but this is after 4 straight months of no growth or declining growth.
• Multi-family projects are on the increase.
• Projects under contract remain stalled.
• More refurbishment of existing buildings is happening rather than complete, from-the-ground-up new build.

For more information about this ABI report see their website.  Or contact Kevin Wallace or Dave Sykes at 214-710-1298 or visit the DSKW & Associates website.


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